Knowledge economy ‘only solution’ to country’s woes

GROWING the knowledge economy will provide the long-term solution to Ireland’s economic problems, delegates at an accountants’ conference were told yesterday.

Producing higher added value in the traded services sectors is the exit route from the economic malaise, said Constantin Gurdgiev, an economist at Trinity College at the national conference of the Institute of Certified Public Accountants (CPA) in Maynooth.

Mr Gurdgiev warned, however, that we are far from being out of the crisis that has engulfed us since 2008 and we could face another eight years of falling asset values.